Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico

The Puerto Rico Planning Board classifies individual transfer payments into two categories: “earned transfers” and “granted” transfers. The purpose of this work is to estimate the direct and indirect economic effects of federal and other transfer payments to Puerto Rico using two input-output models...

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Autores:
Ruiz-Mercado, Ángel Luis
Tipo de recurso:
Article of journal
Fecha de publicación:
2013
Institución:
Universidad Católica de Colombia
Repositorio:
RIUCaC - Repositorio U. Católica
Idioma:
eng
OAI Identifier:
oai:repository.ucatolica.edu.co:10983/18026
Acceso en línea:
https://hdl.handle.net/10983/18026
Palabra clave:
PUERTO RICO
TRANSFERENCIAS DEVENGADAS
TRANSFERENCIAS CONCEDIDAS
FLUJO DE FONDOS
EL ANÁLISIS DE INSUMO-PRODUCTO
LOS IMPACTOS DIRECTOS E INDIRECTOS
LOS INCENTIVOS AL TRABAJO
LA BAJA TASA DE PARTICIPACIÓN EN LA FUERZA LABORAL
Rights
openAccess
License
Derechos Reservados - Universidad Católica de Colombia, 2013
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dc.title.spa.fl_str_mv Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico
title Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico
spellingShingle Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico
PUERTO RICO
TRANSFERENCIAS DEVENGADAS
TRANSFERENCIAS CONCEDIDAS
FLUJO DE FONDOS
EL ANÁLISIS DE INSUMO-PRODUCTO
LOS IMPACTOS DIRECTOS E INDIRECTOS
LOS INCENTIVOS AL TRABAJO
LA BAJA TASA DE PARTICIPACIÓN EN LA FUERZA LABORAL
title_short Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico
title_full Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico
title_fullStr Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico
title_full_unstemmed Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico
title_sort Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico
dc.creator.fl_str_mv Ruiz-Mercado, Ángel Luis
dc.contributor.author.spa.fl_str_mv Ruiz-Mercado, Ángel Luis
dc.subject.proposal.spa.fl_str_mv PUERTO RICO
TRANSFERENCIAS DEVENGADAS
TRANSFERENCIAS CONCEDIDAS
FLUJO DE FONDOS
EL ANÁLISIS DE INSUMO-PRODUCTO
LOS IMPACTOS DIRECTOS E INDIRECTOS
LOS INCENTIVOS AL TRABAJO
LA BAJA TASA DE PARTICIPACIÓN EN LA FUERZA LABORAL
topic PUERTO RICO
TRANSFERENCIAS DEVENGADAS
TRANSFERENCIAS CONCEDIDAS
FLUJO DE FONDOS
EL ANÁLISIS DE INSUMO-PRODUCTO
LOS IMPACTOS DIRECTOS E INDIRECTOS
LOS INCENTIVOS AL TRABAJO
LA BAJA TASA DE PARTICIPACIÓN EN LA FUERZA LABORAL
description The Puerto Rico Planning Board classifies individual transfer payments into two categories: “earned transfers” and “granted” transfers. The purpose of this work is to estimate the direct and indirect economic effects of federal and other transfer payments to Puerto Rico using two input-output models and two vectors of employment and income coefficients base on tables for years 1992 and 2002. The economic impacts were estimated for three economic indicators namely, gross output, direct and indirect employment and direct and indirect wage income. The results presented in this work shows that the argument that Puerto Ricans enjoy relatively generous income supplements and retirement benefits without imposing heavy tax burdens on highly compensated workers failed to distinguish that most of the transfer payments to individuals were in the category of earned transfers. It is doubtful that this type of transfer “impose heavy tax burdens” to American taxpayers. Since we are an open economy most of the income generated by transfer to individuals is spent of goods and services a substantial amount of which comes from United States. It is also doubtful that earned transfer to individuals (especially transfers in the form of pensions and payments to veterans) have any sig
publishDate 2013
dc.date.issued.spa.fl_str_mv 2013-07
dc.date.accessioned.spa.fl_str_mv 2018-09-26T20:20:21Z
dc.date.available.spa.fl_str_mv 2018-09-26T20:20:21Z
dc.type.spa.fl_str_mv Artículo de revista
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dc.identifier.citation.spa.fl_str_mv Ruiz-Mercado, Á. (2013). Impacto directo e indirecto de las transferencias federales a los individuos y al gobierno de Puerto Rico. Revista Finanzas y Política Económica, 5(2), 37-55. Retrieved from https://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/441/441
dc.identifier.issn.spa.fl_str_mv 2248-6046
dc.identifier.uri.spa.fl_str_mv https://hdl.handle.net/10983/18026
identifier_str_mv Ruiz-Mercado, Á. (2013). Impacto directo e indirecto de las transferencias federales a los individuos y al gobierno de Puerto Rico. Revista Finanzas y Política Económica, 5(2), 37-55. Retrieved from https://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/441/441
2248-6046
url https://hdl.handle.net/10983/18026
dc.language.iso.spa.fl_str_mv eng
language eng
dc.relation.ispartof.spa.fl_str_mv Revista Finanzas y Política Económica, Vol. 5, no. 2 (jul. – dic. 2013); p. 37-55.
dc.relation.references.spa.fl_str_mv Burtless, G. y Sotomayor, O. (2006). Labor supply and Public Transfers. In S. M. Collins, B. P. Bosworth y M.Soto Class (eds), The Economy of Puerto Rico, Restoring Growth (pp. 82-142). Washington: Brooking Institution, Center for the New Economy.
Collins, S. Bosworth, B. y Soto-Class M. (2006). The Economy of Puerto Rico: Restoring Growth. Washington: Brookings Institution Press.
Junta de Planificación de Puerto Rico. (2002). Informe Económico al Gobernador 2002, capítulo V. Insumo-Producto de Puerto Rico.
Junta de Planificación de Puerto Rico. (2001-2002). Multiplicadores Interindustriales 2001- 2002.
Junta de Planificación de Puerto Rico. (2001-2002). Insumo-Producto, 2001-2002. Estado Libre Asociado de Puerto Rico, Oficina del Gobernador.
MacEwan, A. y Ruiz, A. (2007). Washington Dollars and the Puerto Rican Economy: Amounts, Impacts, Alternatives (monografía 135). Unidad de Investigaciones Económicas Departamento de Economía (UPR).
Puerto Rico Planning Board, Input-Output Tables, 1992 and 2002. Recuperado de http:// www.jp.gobierno.pr/
Puerto Rico Department Of Labor, Series of Employment by Industry. Recuperado de http:// www.trabajo.pr.gov/estadisticas.asp
Ruiz, A. L. (1994). The Impact of Puerto Rico’s Economy in the United States. New York: Hunter College, City University of New York (CUNY).
Ruiz, A. L. (2009). United States Transfers to Puerto Rico. RU. International Journal, 3(1), 1-24.
Ruiz, A. L. y Choudhury, P. (1978). The Impact of Food Stamp Program on the Puerto Rican Economy: An Input-Output Approach. Puerto Rico: Universidad de Puerto Rico.
Ruiz, A. L. y Meléndez, E. (eds.). (1998). Economic Effects of Puerto Rico Status Alternatives. San Germán: Interamerican University Press.
Ruiz, A. L. y Zalacain, F. (1980). Impacto del Déficit en la Balanza Comercial y los pagos de transferencia federales sobre el Crecimiento en el Sector de los Servicios. Puerto Rico: Universidad de Puerto Rico.
Ruiz, A. L. y Zalacain, F. (1994, april). The Impact of Transfer Payments (Federal and Others) to Individuals and to Government on the Puerto Rican Economy. Ceteris Paribus, 4(1), 19-24. Recuperado de http://www.iis.ru.ac.th/download/journal_iis_Vol3(1).html
Ruiz, A. L. y Zalacain, F. (1994, october). The Economic Relation of The United States and Puerto Rican Economies: An Interregional Input-Output Approach. Ceteris Paribus, 4(2), 1-7. Recuperado de http://www.iis.ru.ac.th/download/journal_iis_Vol4(2).html
dc.rights.spa.fl_str_mv Derechos Reservados - Universidad Católica de Colombia, 2013
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spelling Ruiz-Mercado, Ángel Luisef598bb6-6e0e-4335-9d3f-9ed7eeb2d994-12018-09-26T20:20:21Z2018-09-26T20:20:21Z2013-07The Puerto Rico Planning Board classifies individual transfer payments into two categories: “earned transfers” and “granted” transfers. The purpose of this work is to estimate the direct and indirect economic effects of federal and other transfer payments to Puerto Rico using two input-output models and two vectors of employment and income coefficients base on tables for years 1992 and 2002. The economic impacts were estimated for three economic indicators namely, gross output, direct and indirect employment and direct and indirect wage income. The results presented in this work shows that the argument that Puerto Ricans enjoy relatively generous income supplements and retirement benefits without imposing heavy tax burdens on highly compensated workers failed to distinguish that most of the transfer payments to individuals were in the category of earned transfers. It is doubtful that this type of transfer “impose heavy tax burdens” to American taxpayers. Since we are an open economy most of the income generated by transfer to individuals is spent of goods and services a substantial amount of which comes from United States. It is also doubtful that earned transfer to individuals (especially transfers in the form of pensions and payments to veterans) have any sigLa Junta de Planificación de Puerto Rico clasifica las transferencias individuales en dos categorías: “transferencias devengadas” y “transferencias concedidas”. El propósito de este trabajo es estimar los efectos económicos directos e indirectos de las transferencias federales y de otros tipos a Puerto Rico por medio de dos modelos de insumo-producto y dos vectores con base en los coeficientes empleo e ingreso de las tablas para los años 1992 y 2002. Los efectos económicos se estimaron para tres indicadores económicos a saber, la producción bruta, el empleo directo e indirecto y los salarios directos e indirectos. Los resultados presentados en este trabajo muestran que el argumento de que los puertorriqueños disfrutan de complementos de renta relativamente generosos y jubilaciones, sin imponer pesadas cargas impositivas sobre los trabajadores altamente remunerados, no era diferente a la mayoría de los pagos de transferencias a las personas que se encontraban en la categoría de transferencias devengadas. Es dudoso que este tipo de transferencias “pesadas cargas impositivas” sean impuestas a los contribuyentes estadounidenses. Ya que somos una economía abierta, la mayor parte de los ingresos generados por las transferencias que las personas gastan en bienes y servicios, gran cantidad proviene de Estados Unidos. También es dudoso que las transferencias devengadas de las personas (especialmente las transferencias por concepto de pensiones y los pagos a los veteranos) tuvieron un impacto significativo en la tasa de participación de la fuerza de trabajo o en los incentivos al trabajo.O Conselho de Planejamento de Porto Rico classifica as transferências individuais em duas categorias: “transferências adquiridas” e “transferências concedidas”. O propósito deste trabalho é estimar os efeitos econômicos diretos e indiretos das transferências federais e de outros tipos a Porto Rico por meio de modelos de insumo-produto e dos vetores com base nos coeficientes emprego e ingresso das tabelas para os anos 1992 e 2002. Os efeitos econômicos se estimaram para três indicadores econômicos: a produção bruta, o emprego direto e indireto, e os salários diretos e indiretos. Os resultados apresentados neste trabalho mostram que o argumento de que os porto-riquenhos gozam de complementos de renda relativamente generosos e aposentadorias, sem impor pesadas cargas impositivas sobre os trabalhadores altamente remunerados não era diferente à maioria dos pagamentos de transferências às pessoas que se encontravam na categoria de transferências adquiridas. É duvidoso que esse tipo de transferências “pesadas cargas impositivas” sejam impostas aos contribuintes estado-unidenses. Por sermos uma economia aberta, a maior parte dos ingressos gerados pelas transferências que as pessoas gastam em bens e serviços, grande quantidade provém dos Estados Unidos. Também é duvidoso que as transferências adquiridas das pessoas (especialmente as transferências por conceito de aposentadoria e pagamentos aos aposentados) tiveram um impacto significativo na taxa de participação da força de trabalho ou nos incentivos ao trabalho.application/pdfRuiz-Mercado, Á. (2013). Impacto directo e indirecto de las transferencias federales a los individuos y al gobierno de Puerto Rico. Revista Finanzas y Política Económica, 5(2), 37-55. Retrieved from https://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/441/4412248-6046https://hdl.handle.net/10983/18026engUniversidad Católica de Colombia. Facultad de Ciencias Económicas y AdministrativasRevista Finanzas y Política Económica, Vol. 5, no. 2 (jul. – dic. 2013); p. 37-55.Burtless, G. y Sotomayor, O. (2006). Labor supply and Public Transfers. In S. M. Collins, B. P. Bosworth y M.Soto Class (eds), The Economy of Puerto Rico, Restoring Growth (pp. 82-142). Washington: Brooking Institution, Center for the New Economy.Collins, S. Bosworth, B. y Soto-Class M. (2006). The Economy of Puerto Rico: Restoring Growth. Washington: Brookings Institution Press.Junta de Planificación de Puerto Rico. (2002). Informe Económico al Gobernador 2002, capítulo V. Insumo-Producto de Puerto Rico.Junta de Planificación de Puerto Rico. (2001-2002). Multiplicadores Interindustriales 2001- 2002.Junta de Planificación de Puerto Rico. (2001-2002). Insumo-Producto, 2001-2002. Estado Libre Asociado de Puerto Rico, Oficina del Gobernador.MacEwan, A. y Ruiz, A. (2007). Washington Dollars and the Puerto Rican Economy: Amounts, Impacts, Alternatives (monografía 135). Unidad de Investigaciones Económicas Departamento de Economía (UPR).Puerto Rico Planning Board, Input-Output Tables, 1992 and 2002. Recuperado de http:// www.jp.gobierno.pr/Puerto Rico Department Of Labor, Series of Employment by Industry. Recuperado de http:// www.trabajo.pr.gov/estadisticas.aspRuiz, A. L. (1994). The Impact of Puerto Rico’s Economy in the United States. New York: Hunter College, City University of New York (CUNY).Ruiz, A. L. (2009). United States Transfers to Puerto Rico. RU. International Journal, 3(1), 1-24.Ruiz, A. L. y Choudhury, P. (1978). The Impact of Food Stamp Program on the Puerto Rican Economy: An Input-Output Approach. Puerto Rico: Universidad de Puerto Rico.Ruiz, A. L. y Meléndez, E. (eds.). (1998). Economic Effects of Puerto Rico Status Alternatives. San Germán: Interamerican University Press.Ruiz, A. L. y Zalacain, F. (1980). Impacto del Déficit en la Balanza Comercial y los pagos de transferencia federales sobre el Crecimiento en el Sector de los Servicios. Puerto Rico: Universidad de Puerto Rico.Ruiz, A. L. y Zalacain, F. (1994, april). The Impact of Transfer Payments (Federal and Others) to Individuals and to Government on the Puerto Rican Economy. Ceteris Paribus, 4(1), 19-24. Recuperado de http://www.iis.ru.ac.th/download/journal_iis_Vol3(1).htmlRuiz, A. L. y Zalacain, F. (1994, october). The Economic Relation of The United States and Puerto Rican Economies: An Interregional Input-Output Approach. Ceteris Paribus, 4(2), 1-7. Recuperado de http://www.iis.ru.ac.th/download/journal_iis_Vol4(2).htmlDerechos Reservados - Universidad Católica de Colombia, 2013info:eu-repo/semantics/openAccessAtribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)https://creativecommons.org/licenses/by-nc-nd/4.0/http://purl.org/coar/access_right/c_abf2https://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/441/441PUERTO RICOTRANSFERENCIAS DEVENGADASTRANSFERENCIAS CONCEDIDASFLUJO DE FONDOSEL ANÁLISIS DE INSUMO-PRODUCTOLOS IMPACTOS DIRECTOS E INDIRECTOSLOS INCENTIVOS AL TRABAJOLA BAJA TASA DE PARTICIPACIÓN EN LA FUERZA LABORALDirect and indirect impact of federal transfer to individuals and to the government of Puerto RicoArtículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Textinfo:eu-repo/semantics/articlehttp://purl.org/redcol/resource_type/ARTinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85PublicationORIGINAL4Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico.pdf4Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico.pdfapplication/pdf325545https://repository.ucatolica.edu.co/bitstreams/31342d6b-1c17-4692-9ef0-35ffb0f54563/downloadf7a45eb735ddf5516136ae3397066cb8MD51TEXT4Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico.pdf.txt4Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico.pdf.txtExtracted texttext/plain54305https://repository.ucatolica.edu.co/bitstreams/e25ee0c4-757a-4ca3-9fab-4fc02c2ca226/downloada77e1836c090478021f2f992128ad6e0MD52THUMBNAIL4Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico.pdf.jpg4Direct and indirect impact of federal transfer to individuals and to the government of Puerto Rico.pdf.jpgRIUCACimage/jpeg21985https://repository.ucatolica.edu.co/bitstreams/717cdc3c-abe2-4a86-bd0e-e9a1b5b99e22/download3e6cf1256d2cb66b486723003fce1b30MD5310983/18026oai:repository.ucatolica.edu.co:10983/180262023-03-24 16:08:23.338https://creativecommons.org/licenses/by-nc-nd/4.0/Derechos Reservados - Universidad Católica de Colombia, 2013https://repository.ucatolica.edu.coRepositorio Institucional Universidad Católica de Colombia - RIUCaCbdigital@metabiblioteca.com